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Nobody Is Bearish As Plunging Cash Levels Show Investors All-In
There was quite a bit of taper tantrum talk Tuesday, as US yields hit the highest since the onset of the pandemic.
10s were through 1.25% and 30-year yields were perched at 2.05%. At one point, 10s hit 1.265% and 30s nearly 2.08%.
It's getting interesting now. Global bonds are off to their worst start to a year since 2013, and that's where the "tantrum" talk comes in. Bloomberg ran a feature piece Tuesday that offered a history lesson, perhaps for the benefit of some in the Robinhood/Reddit se
Yes. Gibberish. And the fastest selling vehicle in the USA in January was…C8 Corvette. And Mercury Marine introduced a 12 cylinder, 600 hsp outboard marine engine to a sold out market. Where are we? Who are we?
Late Stage Bull Market? Early Stage Bull Market? Bubble? It’s an Undefined Stage Zombie Pandemic Market. How do you have a bull market that has unemployment this high? How do you have a bubble when there’s nowhere else to put money? How do you have a Bear market when central banks prop up assets? Economics tends to make some baseline assumptions about the nature of things and draws conclusions from there. Throw out those assumptions due to exceptional circumstances and economics reveals itself to be more philosophy than science.